And the Good News Is...

November 20, 2008

It's getting to be more and more difficult to find good news on TV. Reporters seem to be reveling in stirring up as much "doom and gloom" news as they can – after all it's been proven that bad news sells better than good. Our addiction to news tickers and 24 hour coverage was solidified during horrific news events of the last decade. But there IS positive news to be found if you dig hard enough.

28 Metropolitan areas showed increases in median existing single-family home prices from the same quarter in 2007. Areas such as Elmira NY, Tulsa OK, Wichita KS and Urbana IL.

But even in areas where average home sales have dropped drastically, there is good news. Buyers who have been shut out of the home ownership market, are now finding that they can afford to buy. And they ARE buying. Three states where the ‘housing bubble' has burst are seeing some of the highest increases in sales. The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent. These areas have seen some of the strongest sales gains with some reports of multiple bidding.

And there's also good news for sellers. The typical seller purchased their home six years ago and is still experiencing net equity gains, even in today's depressed markets. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

So while we are definitely in turbulent economic times, there is GOOD NEWS to be found if you look for it. Hopefully, some home buying incentives will be passed soon to stimulate even more home ownership. Lawrence Yun, the chief economist at the National Association of Realtors, said that, "A pattern of sharply higher sales in areas with large price declines is well established," Yun said. "Affordability conditions have consistently been a major factor in driving sales. Historically during recessions, buyers have responded to incentives and it's important for government to keep that in the forefront of stimulus decisions."

As of 12/01/09 the Yamilka S de Ortiz RePage is ranked at 5,983 with 50 points.
The monthly top RePage owner will receive a cash prize. Help this agent by bookmarking this site and posting it to blogs and other Web pages and encourage others to visit.

Local Information for North Miami Beach, FL

Latitude: 25.930171 -- Longitude: -80.16978

Other Area Cities: North Miami Beach Aventura Biscayne Gardens Carol Hialeah Miami Miami Beach North Miami Hollywood Opa-Locka Pinewood Park Sunny Isles Beach Uleta Ives Estates

Enter our Photo Sweepstakes and Win $200 for your North Miami Beach photos!

To see random photos for other cities Click Here.

Submit your photos of North Miami Beach and become eligible to win $200. Click Here for details.

Attractions in vicinity of North Miami Beach include a line of popular ocean beaches. Haulover Park, operated by Miami-Dade County Parks and Recreation, has a well known clothing optional beach. North Miami Beach also has an authentic Medieval Spanish monastery. This stone building around a patio, the cloisters of the Monastery of St. Bernard de Clairvaux, was built in Sacramenia, Segovia, Spain in the 12th century. It was purchased by William Randolph Hearst in the 1920s, dismantled and shipped to the United States, and reassembled after Hearst's death in North Miami Beach in the 1950s. It is a tourism attraction and a popular spot for weddings. -- Source: Wikipedia.com

Florida 2000 Census Population Profile Map

	North Miami Beach	Florida	United States
Population	40,786	15,982,378	281,421,906
Median age	34.5	38.7	35.3
Median age for Male	32.8	37.3	34
Median age for Female	35.9	40.1	36.5
Households	13,987	6,337,929	105,480,101
Household population	40,360	15,593,433	273,643,273
Average household size	2.89	2.46	2.59
Families	9,803	4,210,760	71,787,347
Average family size	3.44	2.98	3.14
Housing units	15,350	7,302,947	115,904,641
Occupied units	13,987	6,337,929	105,480,101
Vacant units	1,363	965,018	10,424,540

Visit US Census